Fannie Mae-No Politics (FNMA)

[jeddiemack]

Since common's fair value is north of $150... look for $25 prefs to convert to 1/6th a common and $50 pref at 1/3rd. So for every 6 pref they'll get 1 common at that ratio.

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Pref holders should be very concerned how easy it will be to squash them, since they can be easily converted or redeemed - without any input at all for fair value.

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The other things prefs should know, even with all their belly aching, if the government and obliterate commons... they'll be in that same boat ... maybe one step up... but still dr owned.

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Its time the prefs realize... they really could use a few friends.